Category: Quickbooks

Letting a property as a furnished holiday let – is it worthwhile?

Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis. As well as differing rental income, there are tax differences to consider too. Furnished holiday lets From a tax perspective, special rules apply to furnished holiday lets, which…


Salary Vs Dividends: how to be tax efficient for 2019/20

A popular profits extraction strategy for personal and family companies is to extract a small salary, taking further profits as dividends. Where this strategy is pursued for 2019/20, what level should be the salary be set at to ensure the strategy remain tax efficient? Salary As well as being tax effective, taking a small salary…


Make keeping better business records your New Year’s resolution

To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and accurate records. This applies regardless of whether you are running a business as a sole trader or in partnership or operating a limited company. Business records for the self-employed The…


Quickbooks Self Employed

We are able to include Quickbooks Self Employed within our sole trader accounts support package for just £29 per month (Includes a monthly review of figures, year end accounts and tax return). Quickbooks have released a package for sole traders which will allow them to start working more effectively: • Create, send and track invoices on…


What Are You Doing On Thursday 14th June?

What are you doing on Thursday 14th June? We will be exhibiting at the Harlow Business Exhibition hosted by Manor of Groves Hotel, Sawbridgeworth from 10am till 4pm. Come and say hello, it’s free entry and free parking. We will also be answering Xero and QuickBooks questions that you may have. Find out more about…